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Proceeding contribution from Dominic Raab (Conservative) in the House of Commons on Thursday, 28 October 2010. It occurred during Debate on Comprehensive Spending Review.


Comprehensive Spending Review

I will resist the temptation, but I thank my hon. Friend for his question. Finally, the comprehensive spending review promotes the economic growth that we need—growth driven by the private sector. That is what creates jobs and pays for public services. The July Budget restored confidence, cutting corporation tax and reversing the jobs tax. Employment was up by 178,000 in the last quarter. Economic growth in the last two quarters was the highest that it had been for 10 years. We must build on that—nothing can be taken for granted—and that is why I welcome the investment in infrastructure and science. I support the plan for tax breaks in national insurance for start-up companies in their first year. However, that measure will be confined to certain regions. Will Ministers say what assessment has been made of the net effect on tax revenue of extending that important measure across the country? I know that time is short, and I want to allow others the time to have their say. It is right that every measure in the CSR should be robustly debated and scrutinised, but without an alternative, overarching deficit plan, criticism of those measures fails the test of credibility and relevance.


Secondary information

Type
Proceeding contribution
Reference
517 c540 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Cost effectiveness Government departments Economic growth Public expenditure Economic recession
Link
View this Proceeding contribution on www.publications.parliament.uk